Cendana targets second direct investment fund at $31.5 mln

Cendana Capital has set out to raise a second direct investment fund, according to a filing with the SEC.

The new fund – Cendana Investments II – is seeking $31.5 million of capital to invest in the portfolio companies of its mangers, the filing states. Cendana, a seed-focused fund of funds, raised a first direct investment fund in 2015 with a target of $25 million, a filing shows.